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Oct 31, 2012
10/12
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CSPAN2
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we have trillion dollar a year deficit. the deficit -- the debt from 10 to $16 trillion under obama. when is enough enough? i believe america knows enough is enough on november 6. >> we're going to get to deficits and taxes, too, but i think that kc has a local question that is quite important. >> next question goes to the congresswoman, a topic you often because. the air reserve station is the largest employer in the county. if a budget deal in congress isn't reached by january, could this threaten the future of the basic? again with less funding to go around, is it realistic to continue the current operation at the basic? hochul: absolutely, and that is what has him of the house armed services committee i had the opportunity work with republicans and democrats and have an amendment passed not just by the committee of by the entire house of representatives that protects database. in addition, secretary panetta said he was committed to that base. what we need to do is find a new mission, intelligence, reconnaissance surveil
we have trillion dollar a year deficit. the deficit -- the debt from 10 to $16 trillion under obama. when is enough enough? i believe america knows enough is enough on november 6. >> we're going to get to deficits and taxes, too, but i think that kc has a local question that is quite important. >> next question goes to the congresswoman, a topic you often because. the air reserve station is the largest employer in the county. if a budget deal in congress isn't reached by january,...
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Oct 28, 2012
10/12
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WBAL
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this week, big business got behind the simpson bowles deficit proposal. that includes some tax increases. mitt romney then said forget about it. forget about any tax increases. which brings us to this week's big question. if he actually won the election, would romney agree to a tax increase as part of a big deficit solution? joe. >> he hasn't said read my lips. and i think that's the only way he's going to get a settlement is if he agrees to some revenue increases. chris: unless they get 50 senators and reconciliation and do it that way. >> they can do it. >> i think he will follow what business leaders keep telling us. that there has to be a big bargain and they recognize there has to be a revenue component to it. >> first big move as president, i don't see how he can. i think that's why wall street is so nervous. >> i think that he will -- chris: he's locked into -- >> they're worried that the two sides -- there's no way that we're going to get an easy agreement on this. >> i think he will do revenue increases through tax reform. i think you're going to
this week, big business got behind the simpson bowles deficit proposal. that includes some tax increases. mitt romney then said forget about it. forget about any tax increases. which brings us to this week's big question. if he actually won the election, would romney agree to a tax increase as part of a big deficit solution? joe. >> he hasn't said read my lips. and i think that's the only way he's going to get a settlement is if he agrees to some revenue increases. chris: unless they get...
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s are ringing the alarm on deficit. there were some of them ringing the bell top execs including those but eighty of them total from big u.s. corporations sent congress a letter asking for a simpson bowles type approach to reigning in the u.s. deficit the budget deficit three dollars in spending cuts for each dollar of tax increases what would be the impact of this or other possible scenarios for dealing with the u.s. debt and deficit simon mccaleb edge of ideas capital is here to talk about it and speaking of deficits according to the financial times japan's finance ministry will hold crisis talks with bond dealers tomorrow as politicians there are at odds over a bill that's needed to allow billions more in borrowing to finance the country's deficit sound familiar japan is often brought up when talking about a country the us is ability to run massive deficits will discuss the lessons for the u.s. and new g.d.p. numbers from the u.k. if you put stock in them they show the countries rebounding from recession growing by o
s are ringing the alarm on deficit. there were some of them ringing the bell top execs including those but eighty of them total from big u.s. corporations sent congress a letter asking for a simpson bowles type approach to reigning in the u.s. deficit the budget deficit three dollars in spending cuts for each dollar of tax increases what would be the impact of this or other possible scenarios for dealing with the u.s. debt and deficit simon mccaleb edge of ideas capital is here to talk about it...
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Oct 27, 2012
10/12
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CNN
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the second thing is, if you look at when the president took office, christine, the trade deficit with china has grown every single year and is now going to breach $300 billion. over the course of his term we've added over $1 trillion in debt to china. the bottom line here is that china's currency won't be properly valued until we don't have a trade deficit with china. >> we're out of time, but we'll talk about it soon. great having you on again. >> thank you so much. >>> want to know how you can make $70,000 a year with an associate's degree? one of the best jobs out there. they need you. and it can't be outsourced. i'll tell you about that job right after the break. ♪ ♪ [ male announcer ] you've been years in the making. and there are many years ahead. join the millions of members who've chosen an aarp medicare supplement insurance plan insured by unitedhealthcare insurance company. go long. for a golf getaway. double miles you can actually use... but mr. single miles can't join his friends because he's getting hit with blackouts. shame on you. now he's stuck in a miniature night
the second thing is, if you look at when the president took office, christine, the trade deficit with china has grown every single year and is now going to breach $300 billion. over the course of his term we've added over $1 trillion in debt to china. the bottom line here is that china's currency won't be properly valued until we don't have a trade deficit with china. >> we're out of time, but we'll talk about it soon. great having you on again. >> thank you so much. >>>...
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Oct 28, 2012
10/12
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CSPAN
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we have had trillion dollar deficits each year. remember when he said he would bring people together to solve the countries biggest problems? this is the third president i served with. it is the most partisan atmosphere i have ever seen. look, look at john kasich. i learned a lot from that man. i came as a young guy in congress under his leadership. following the same trail he blazed. here is a guy, who sees a problem and runs at the problem. that is what leadership is. we got big problems. we do not want a president blaming somebody else for four years. we do not want a president ducking the tough issues, demagoguing the other party. we want a president who will lead and fix this mess and solve our problems and get this country back on the right track. [applause] so it is not enough for us to complain about the broken promises or to simply highlight the fact that president obama cannot run on his record so he is trying to distort hours and distract people to win by default. this is why we are offering specific solutions, specific
we have had trillion dollar deficits each year. remember when he said he would bring people together to solve the countries biggest problems? this is the third president i served with. it is the most partisan atmosphere i have ever seen. look, look at john kasich. i learned a lot from that man. i came as a young guy in congress under his leadership. following the same trail he blazed. here is a guy, who sees a problem and runs at the problem. that is what leadership is. we got big problems. we...
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Nov 3, 2012
11/12
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CNNW
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is it the jobs or is it the deficit? >> both. you know, if we're not bringing it in, we shouldn't spend it. and if it's, you know, tough on us to make it better for our kids, i'm willing to sacrifice now to make it better for our kids. >> so interesting. and also people talk about the quality of the jobs, too, right? so even though the unemployment rate is 5.2%, they're worried about how much debt we have, the deficit. they're also worried that the quality of the jobs that are available aren't maybe what they used to be. >> they are. and they said, look, poppy, it's not just about that 5.2%, it's about the jobs that we're getting that are being created. they're lower paying jobs, the hours are less. and that's a very big deal here, christine. >> all right, poppy harlow in iowa. thanks, poppy. >>> hurricane sandy destroyed homes, cars, and lives, as people pick up the pieces, who picks up the bill? i'll have the answer right after this. jenna shared her recipe with sharon, who emailed it to emily, who sent it to cindy, who wondere
is it the jobs or is it the deficit? >> both. you know, if we're not bringing it in, we shouldn't spend it. and if it's, you know, tough on us to make it better for our kids, i'm willing to sacrifice now to make it better for our kids. >> so interesting. and also people talk about the quality of the jobs, too, right? so even though the unemployment rate is 5.2%, they're worried about how much debt we have, the deficit. they're also worried that the quality of the jobs that are...
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Nov 1, 2012
11/12
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CNBC
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once again, the congress will find a way to compromise and move forward on resolving the deficit problem. my feeling now is that it's not likely to be that simple. it's more likely to spill over into january. when that happens, we'll have a greater degree of uncertainty, not less. it may take longer to work this out than many people expect. indeed, president obama in an interview last week, mentioned that he thinks there will be a solution, a grand bargain, sometime in the first six months of 2013. six months. that's a long time to get this it problem straightened out. >> yeah, so, i mean, if we do get an agreement in six months, does that mean that the u.s. doesn't go into a recession? >> well, first i want to say the metaphor fiscal cliff is probably the wrong one. you step off a cliff, that's your last step. for many politicians, the real metaphor is it's a slope. they gradually go into these tax increases and spending cuts. they feel they can turn around and walk back up the slope, retroactively reverse the changes. in that circumstance, in that scenario, it creates a lot of uncertai
once again, the congress will find a way to compromise and move forward on resolving the deficit problem. my feeling now is that it's not likely to be that simple. it's more likely to spill over into january. when that happens, we'll have a greater degree of uncertainty, not less. it may take longer to work this out than many people expect. indeed, president obama in an interview last week, mentioned that he thinks there will be a solution, a grand bargain, sometime in the first six months of...
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Oct 27, 2012
10/12
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CNN
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four, etch' slash spending to cut the deficit and shrink the deficit. five, he'll had help small businesses that includes repealing obama care and cutting taxes. let's give romney the benefits of any doubt here and say he gets all these plans going in his first year in office. by that point if the country is on track to create 12 million jobs in four years, the labor market should be adding an average of 250,000 jobs a month. the economy just adds 114,000 positions last month by the way to give you some context. vin weber will tell us how he gets this done. he's a policy adviser to the romney campaign and former congressman. i'm bringing you the questions people are asking me out here. >> sure. >> undecided voters, they don't disagree with the goal. they don't disagree with the idea that we want a stronger economy. but i've hit governor romney hard on his jobs claim. give me specifics as to how we get big-time jobs, 12 million jobs in four years, when we have -- we'll be lucky to get 3% economic growth next year? >> ali, first of all let me put the 12 m
four, etch' slash spending to cut the deficit and shrink the deficit. five, he'll had help small businesses that includes repealing obama care and cutting taxes. let's give romney the benefits of any doubt here and say he gets all these plans going in his first year in office. by that point if the country is on track to create 12 million jobs in four years, the labor market should be adding an average of 250,000 jobs a month. the economy just adds 114,000 positions last month by the way to give...
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Nov 1, 2012
11/12
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CNBC
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you'll get bigger fiscal deficits, i promise you. >> the public affairs council did a report recently looking at the whole public attitude of businesses, particularly in america, and it was very positive despite all the anti-globalizations most people particularly young people in america do see the importance of big corporations like microsoft and google and what they've been able to achieve in create jobs and moving the economy forward and i think that is what it's about. it's about the success of business, about generating growth and a future. and many of those people including black voters across the united states have not done well in the last four years. they haven't. >> do you think microsoft has created more american jobs or cut more american jobs over the last ten years? >> i'm not certain. some of hose jobs have been abro abroad, of course. >> it's not just about the big corporations. it's about the heart of small businesses. they employ hundreds of thousands of people and the ability to create wealth and to create jobs is crucial and it's been a very poor track record this p
you'll get bigger fiscal deficits, i promise you. >> the public affairs council did a report recently looking at the whole public attitude of businesses, particularly in america, and it was very positive despite all the anti-globalizations most people particularly young people in america do see the importance of big corporations like microsoft and google and what they've been able to achieve in create jobs and moving the economy forward and i think that is what it's about. it's about the...
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Oct 29, 2012
10/12
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CNBC
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most estimates peg the fiscal deficit numberner from 5.7 to 5.9%. but as i said, the finance minister coming out all guns blazing and saying it cannot be a business as usual promise. the tough decidings will need to be taken. they are talking about the decisions on the taxation front. they hope to divest the government's share holding. the spectrum sale should give them another strengthening rupee will bring down their import subsidy especially as far as oil sub s citydyes are concerninged. so the government at this point in time is clear, they're also sending out a message to the reserve bank of india. it announces its mop taker poli policy, they feel it could be a signal the government is serious about bringing the fiscal deficit under control. back to you. >> all right. thanks for that report. stewart, just wondering on evaluation basis whether developing markets are starting to look more attractive to you. >> emerging markets certainly in asia have been underperforming and assuming there's no major hick upto t hiccup to the global economy. so i
most estimates peg the fiscal deficit numberner from 5.7 to 5.9%. but as i said, the finance minister coming out all guns blazing and saying it cannot be a business as usual promise. the tough decidings will need to be taken. they are talking about the decisions on the taxation front. they hope to divest the government's share holding. the spectrum sale should give them another strengthening rupee will bring down their import subsidy especially as far as oil sub s citydyes are concerninged. so...
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Oct 27, 2012
10/12
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CSPAN2
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public deficits are lower in most countries. competitiveness and expert performance are stronger in all countries. upcoming commenting supervisor is a major breakthrough we launched two weeks ago the mechanism for the firewall now amounts to 700 euro. in this specific case of greece, significant progress has been made. the euro zone has a state issued a statement welcoming the determination of the greek government to deliver on its commitments and also commending the remarkable efforts of the greek people. the root group will examine this progress in the light of the forthcoming report can take any necessary decisions. honorable members, our second major debate was on the interim report, which i drew up in collaboration with the presence of the european commission, the euro group in the european central bank group of four presidents who also met with your president. my office has member states of the european parliament that was contribution and i also personally met some of your coordinators and committee chairs. this was an in
public deficits are lower in most countries. competitiveness and expert performance are stronger in all countries. upcoming commenting supervisor is a major breakthrough we launched two weeks ago the mechanism for the firewall now amounts to 700 euro. in this specific case of greece, significant progress has been made. the euro zone has a state issued a statement welcoming the determination of the greek government to deliver on its commitments and also commending the remarkable efforts of the...
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Nov 3, 2012
11/12
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KCSMMHZ
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and it's society's duty to address these deficits. they can't be remedied in an ad hoc fashion. >> the prices for new medications are exorbitant. the problem is that the drug companies don't reveal the true costs of their research, so it's very hard to verify. we do know that, globally, over half of the research expenditures in the pharmaceuticals area are paid with public funds. in other words, tax money which is given to universities or tax breaks given to companies for research purposes. >> so for each new drug developed, the public pays a large share of the r&d costs. in exchange for financing, many state-run research facilities allow pharma firms to acquire the sole patent rights. these companies alone determine the price of the drug and what diseases will receive priority in future research. >> the diseases which affect poorer countries are often the neglected ones -- the infectious diseases, tropical infectious diseases and poverty- related illnesses like tuberculosis. these are diseases that practically never occur here in ger
and it's society's duty to address these deficits. they can't be remedied in an ad hoc fashion. >> the prices for new medications are exorbitant. the problem is that the drug companies don't reveal the true costs of their research, so it's very hard to verify. we do know that, globally, over half of the research expenditures in the pharmaceuticals area are paid with public funds. in other words, tax money which is given to universities or tax breaks given to companies for research...
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arrested before he could do so that's a fair his claims that he has proof that facts about the greek deficit that forced athens to seek aid in the first place were fraudulent he says he received the dative from hackers group anonymous who broke into government computers now at the same time another greek journalist costas vaxevanis is on trial for breach of privacy for publishing the names of two thousand greeks with swiss bank accounts let's get some comment on this fast moving story we'll talk to georgia a couple of scenes from greece's pair of political newspaper so thanks for being with this spirit of fairness was taken into custody wasn't it just says the reserve promising to unveil proof for those allegations or just said do you think the government has got some interfere here is trying to hide something. a fast moving story whether they can hear me sir can you hear me i can i can i'll give you that question again spirits spirits carets unserious was taken into custody just as he promised to unveil proof of his allegations do you think the government has got something to hide whether i
arrested before he could do so that's a fair his claims that he has proof that facts about the greek deficit that forced athens to seek aid in the first place were fraudulent he says he received the dative from hackers group anonymous who broke into government computers now at the same time another greek journalist costas vaxevanis is on trial for breach of privacy for publishing the names of two thousand greeks with swiss bank accounts let's get some comment on this fast moving story we'll...
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Nov 3, 2012
11/12
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CNBC
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in anyway there could be a peace dividend where we got to cut the deficit. i don't think you should look at this issue in a way to make money off it. it's really not a needle mover. it can be negative for a lot of the defense companies as we know. they've been under a cloud because of these cuts. here's one from danny in new york. hi, jim. i have heard you say when considering the playing the down side of an equity you would short the stock rather than allow a put. please elaborate on your reasoning for this. >> if i have created any misperceptions that i favor shorting stocks it is completely out of character with all my books and what i used to do with my hedge fund, when i was working for people at goldman sacks or trading for myself. i always do puts. i rarely do shorts. i was a victim of some horrible short squeezes that lost me a ton of money. use puts. i don't care if there's a premium. let's go to some tweets. here's one from b. kelly 019 @jimcramer. cover calls allow me to print money out of large positions without having to sell. why do you hate th
in anyway there could be a peace dividend where we got to cut the deficit. i don't think you should look at this issue in a way to make money off it. it's really not a needle mover. it can be negative for a lot of the defense companies as we know. they've been under a cloud because of these cuts. here's one from danny in new york. hi, jim. i have heard you say when considering the playing the down side of an equity you would short the stock rather than allow a put. please elaborate on your...
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Nov 1, 2012
11/12
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KCSM
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deficits. americans agree that government spending has to be cut, but the question is -- how? the focal point senior center is just around the corner from coral k. it offers services to the elderly. for example, on this monday, they can receive health advice from an expert. and then, they can join in the fund and bowl with a wii game console. members of the center pay annual dues of just $5. the rest of the center's funds comes from donations and public money. many here are concerned about the future. this man says romney does not understand the need. >> he wants to take away too much because he thinks they are all too lazy. may be some are, but there's a lot of people out there that need the assistance. i do not trust the man. he could be a very nice person as an individual, but as far as the government, no. >> opinion polls in florida are as close as the body games in coral k -- the bocci games in coral cay. many wealthy are not concerned about their benefits but are instead word about the economy. >> obama has had four years and really has not come up with anything to show
deficits. americans agree that government spending has to be cut, but the question is -- how? the focal point senior center is just around the corner from coral k. it offers services to the elderly. for example, on this monday, they can receive health advice from an expert. and then, they can join in the fund and bowl with a wii game console. members of the center pay annual dues of just $5. the rest of the center's funds comes from donations and public money. many here are concerned about the...
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Oct 28, 2012
10/12
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CNNW
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or would we fall off the cliff of deficit as you described? >> i think the answer is if we had a tax simplification where that was taken off the table is the best idea, it's outrageous that a lot of things get disguised as capital gains that are really income creating the biggest inequality -- >> you say raise capital gains, for example, hedge funds? >> if we didn't change anything else, absolutely. that is criminal. >> one point of agreement. joe klein, ken rogoff, amity shlaes, chrystia freeland, thanks for joining us. >>> up next, "what in the world." why a little-known nation, mali, is more important than europe, mexico, and india combined. at least according to this week's presidential debate. i'll explain. this is america. we don't let frequent heartburn come between us and what we love. so if you're one of them people who gets heartburn and then treats day after day... block the acid with prilosec otc and don't get heartburn in the first place! [ male announcer ] one pill each morning. 24 hours. zero heartburn. [ male announcer ] it's t
or would we fall off the cliff of deficit as you described? >> i think the answer is if we had a tax simplification where that was taken off the table is the best idea, it's outrageous that a lot of things get disguised as capital gains that are really income creating the biggest inequality -- >> you say raise capital gains, for example, hedge funds? >> if we didn't change anything else, absolutely. that is criminal. >> one point of agreement. joe klein, ken rogoff,...
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Nov 2, 2012
11/12
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CNBC
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in anyway there could be a peace dividend where we got to cut the deficit. i don't think you should look at this issue in a way to make money off it. it's really not a needle mover. it can be negative for a lot of the defense companies as we know. they've been under a cloud because of these cuts. here's one from danny in new york. hi, jim. i have heard you say when considering the playing the down side of an equity you would short the stock rather than allow a put. please elaborate on your reasoning for this. >> if i have created any misperceptions that i favor shorting stocks it is completely out of character with all my books and what i used to do with my hedge fund, when i was working for people at goldman sacks or trading for myself. i always do puts. i rarely do shorts. i was a victim of some horrible short squeeze that is lost me a ton of money. use puts. i don't care if there's a premium. let's go to some tweets. here's one from b. kelly 019 @jimcramer. cover calls allow me to print money out of large positions without having to sell. why do you hate
in anyway there could be a peace dividend where we got to cut the deficit. i don't think you should look at this issue in a way to make money off it. it's really not a needle mover. it can be negative for a lot of the defense companies as we know. they've been under a cloud because of these cuts. here's one from danny in new york. hi, jim. i have heard you say when considering the playing the down side of an equity you would short the stock rather than allow a put. please elaborate on your...
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proof that the deficit data that led to greece's bailout was fabricated another journalist was tried for publishing a list of a legit top tax evaders but he was quickly acquitted an apparent blow to the government investigative journalist gavin make that in the says whistleblowers who strive to reveal the truth are being persecuted by governments around the world and . i'm very concerned about seeing a great journalist arrested it's a disgrace and much has to be done by our own international organization to protect him and to protect others like him we have problems also in serbia and in bosnia herzegovina many places where journalists are at risk against organized crime in italy a reporter is at risk a newspaper simply won't publish things so we have a problem of the fear and during the iraq war here one journalist went on the b.b.c. radio early in the morning a man named gilligan and he said a few things about what actually happened which we know now to be entirely true and he had his career was destroyed the b.b.c. board of governors had to resign the director general of the b.b.c
proof that the deficit data that led to greece's bailout was fabricated another journalist was tried for publishing a list of a legit top tax evaders but he was quickly acquitted an apparent blow to the government investigative journalist gavin make that in the says whistleblowers who strive to reveal the truth are being persecuted by governments around the world and . i'm very concerned about seeing a great journalist arrested it's a disgrace and much has to be done by our own international...
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but was arrested before he could get out of it is claims he has proof there are facts about the greek deficit that for south us to seek aid were fraudulent he says he received the data from hackers group anonymous so broke into government computers at the same time another great journalist cost us fox ivana says on trial for a breach of privacy for publishing the names of two thousand greeks with swiss bank accounts fellow greek journalist says the government's only way to punish their cuts through is just silence the media. a lot of journalists. of course already you're afraid. you know it isn't up. but he supported them in various. generally separate thought quitely some government strug struggling to push through and i cannot make a study of the problem as the only way to go to succeed by the nation of the problem quite now is the government dr favorite way he can mr sam i was the prime minister where the way to get to my need to relate i'm fraid to memory be made. public and private media a lot of generally try to convince the government that the poorest the journalist not the enemy the e
but was arrested before he could get out of it is claims he has proof there are facts about the greek deficit that for south us to seek aid were fraudulent he says he received the data from hackers group anonymous so broke into government computers at the same time another great journalist cost us fox ivana says on trial for a breach of privacy for publishing the names of two thousand greeks with swiss bank accounts fellow greek journalist says the government's only way to punish their cuts...
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crisco is gunning for a journalist to know too much a reporter who says flu scare me a deficit get some details just ahead. what's the difference between a samurai sword and a blind guys walking stick well known if you're one of the cops in northern england an elderly blind architect with taser in the back because his cane looks like a sword that was used in a nearby crime honest mistake because swords are often tubular and use this walking sticks more and more we hear stories like this like the handcuffed youth who was shot in the back to death or the unarmed guy in a wheelchair who got blown away by the boys in blue i understand that being in the police is rough everyone lies to you and any given day you could be shot dead so i get it when after a long police chase someone just snaps and in all honesty fire when the police might do the same thing but it takes a certain kind of person who enjoys abusing their uniform to make the helpless suffer you can't tolerate sadists or those with napoleon complexes in the police and you know what they aren't that hard to spot in the shower because
crisco is gunning for a journalist to know too much a reporter who says flu scare me a deficit get some details just ahead. what's the difference between a samurai sword and a blind guys walking stick well known if you're one of the cops in northern england an elderly blind architect with taser in the back because his cane looks like a sword that was used in a nearby crime honest mistake because swords are often tubular and use this walking sticks more and more we hear stories like this like...
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Oct 30, 2012
10/12
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CNBC
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the issue is a deficit which is a huge drag long term and the spending of government and a lot of this will depend honestly on who is elected. >> stay with us. first we'll check on the markets to the degree that we can. u.s. futures have been trading in the overnight and morning session. >> currently trading a little bit more than 40 points below fair value. let's show you european markets. a bit higher this morning by good numbers out of ubs and bp. ftse 100 up 35 points. xetra dax up 0.8%. ibex up 0.6%. let's remind you what's going on as far as reinsurers are concerned. impact on hurricane sandy as well. all the big reinsurers are up. this is an expectation maybes wills aren't quite as heavy, but of course if you to get losses, also hardening rates in the long term anyway. an auction coming out of italy today. that's in about an hour or so time. we have three to four billion. might raise more than that. yields just a little lower today, just below 5% for italian. ten year spanish yields, 5.64%. still okay for now for the spanish government. euro-dollar is 1.2929 last wednesday. and
the issue is a deficit which is a huge drag long term and the spending of government and a lot of this will depend honestly on who is elected. >> stay with us. first we'll check on the markets to the degree that we can. u.s. futures have been trading in the overnight and morning session. >> currently trading a little bit more than 40 points below fair value. let's show you european markets. a bit higher this morning by good numbers out of ubs and bp. ftse 100 up 35 points. xetra dax...
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Oct 31, 2012
10/12
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CNBC
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would only run a $600 billion deficit in 2013 instead of running a $1.2 trillion annual deficit. this would create minus 3% to minus 5% gdp. that's the line from chris, who writes in. i would read you some more of these, but i know we have a ceo waiting for us. >> we do indeed. let's dive into the latest. joining us now, the cfo of novo nordisk. one of the highest stocks on the mobile exchange. tell us about the sort of quarter that you had. >> providing almost half of our growth and doing extremely well both in europe and in u.s. so the top line growth in the ballpark of 11%, and then with significant currencies, we have reported 20% growth and we've been able to convert that 20% growth into a 40% growth in operating profit in the third quarter. so we're very pleased with what we see. >> talk to us about the environment. one of the statements for the market today is that you expect a positive sales outlook, but the environment is challenging in major markets. are you talking specifically about the economic environment, or are you talking about the challenges from some of the oth
would only run a $600 billion deficit in 2013 instead of running a $1.2 trillion annual deficit. this would create minus 3% to minus 5% gdp. that's the line from chris, who writes in. i would read you some more of these, but i know we have a ceo waiting for us. >> we do indeed. let's dive into the latest. joining us now, the cfo of novo nordisk. one of the highest stocks on the mobile exchange. tell us about the sort of quarter that you had. >> providing almost half of our growth...
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the huge issue is not the deficit number itself. it's the ratio of the debt to the economy over all. if the economy is growing because government is the spender of last resort and encouraging investment, education, job training, infrastructure, that growth actually enables the debt to shrink as proportion of the economy over all. europe and particularly spain and britain are the worst examples. they embarked on austerity economics, what happens? they actually shrink their economy. they go into recession, and their debt or deficit becomes a bigger problem as as the overall economy. >> eliot: i want to take snippets of this conversation and send it to every voter, and that would be a guarantee that there would an second term for president obama. previews of uc berkeley goldman school of public policy. as always, thank you. >> thanks. >> eliot: dennis kelleher president and ceo of better markets, nonpartisan organization promoting public interestage financial reform. den, you heard robert reich who has not gotten enough attention that
the huge issue is not the deficit number itself. it's the ratio of the debt to the economy over all. if the economy is growing because government is the spender of last resort and encouraging investment, education, job training, infrastructure, that growth actually enables the debt to shrink as proportion of the economy over all. europe and particularly spain and britain are the worst examples. they embarked on austerity economics, what happens? they actually shrink their economy. they go into...
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seems to be a big problem with that respect too which has nothing to do with public finance budget deficits in government so it seems that discussions are very difficult at all levels of the issues concerned absolutely i mean you talk about all levels that's absolutely right let's change gears here from austerity measures now to taxes or there are reports that greek lenders may demand an automatic raising of taxes if reforms are not completed a kind of sovereign state allow itself to lose the power to negotiate its own tax hikes well that's you're touching on the one of the major issues with respect to the future of the euro zone and the monetary union in europe more in general it's one of two things you either have to accept the fact that you lose sovereignty. or you will have major problems of the continuity of this monetary union so if you need money if you're in difficulty like greece is it's in a vital that those who lend you the money starts interfering with your policies so it may sound a little bit brutal or maybe a little bit undemocratic but that's the way things work if you reall
seems to be a big problem with that respect too which has nothing to do with public finance budget deficits in government so it seems that discussions are very difficult at all levels of the issues concerned absolutely i mean you talk about all levels that's absolutely right let's change gears here from austerity measures now to taxes or there are reports that greek lenders may demand an automatic raising of taxes if reforms are not completed a kind of sovereign state allow itself to lose the...
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board to police national budgets and punish those with large deficits both italy and spain are in a severe recession with record unemployment and have seen massive protests over spending cuts the spanish media did admit though that his country may need a bailout sometime in the future here economists you have been of believes the cash would come at the cost of independence. it's one of two things you either have to accept the fact that you will lose sovereignty. or you will have major problems in terms of the continuity of this monetary union so if you need money it's in the vital that those who lend you in the money starts interfering with your policies so it may sound a little bit brutal or maybe a little bit undemocratic but that's the way things work if you really are in need of that much money for that long period of time it's in a vice. that you give up some of your sovereignty and as a matter of fact to make this monetary union work in a structural and durable way every state involved in this euro zone in this monetary union in europe will have to accept this principle. the main pla
board to police national budgets and punish those with large deficits both italy and spain are in a severe recession with record unemployment and have seen massive protests over spending cuts the spanish media did admit though that his country may need a bailout sometime in the future here economists you have been of believes the cash would come at the cost of independence. it's one of two things you either have to accept the fact that you will lose sovereignty. or you will have major problems...
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the deficit is the problem, not the basic way to tax. >> if you look at how americans feel who would better handle the which i, they're pretty strongly in favor of mitt romney. here's a guy that has a strong background in business who understands how commit works. so americans fundamentally have more confidence in mitt romney to handle economy. it didn't mean that he'll win the election. but if it just comes down to the economy, i think mitt romney has the edge. >> chris, do you want to respond to that and to the sense that maybe the average -- that romney goes over well with the average american? are you aichling more at the international business community? >> i think we're aiming at the community in the word, who we would think would be better. we're saying who he we think would best serve america and the world. so we need to look at the deficit, foreign policy, also opinions on social policy. >> one of the things that i found troubling about the economist's endorsement was they cited this stimuluses as a strength of the president. all the studies that have looked at the impact of
the deficit is the problem, not the basic way to tax. >> if you look at how americans feel who would better handle the which i, they're pretty strongly in favor of mitt romney. here's a guy that has a strong background in business who understands how commit works. so americans fundamentally have more confidence in mitt romney to handle economy. it didn't mean that he'll win the election. but if it just comes down to the economy, i think mitt romney has the edge. >> chris, do you...
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excuse me i'm sorry interrupt but he doesn't let that be a great deficit that for staff and to seek a bailout was a fraud it's a major claim to make but if it is true would it have been done why would it we don't know we don't know exactly what the goal will be follow mr towser figures i. always horsemeat done he doesn't the feelers are very well we don't know about. this you trace interviews fail. all of the old journalist you know if you. have a hope that there would be nothing and he said it is going to be again in vero in their own. but i don't know exactly what is going on quite now you know is because we're also for two or three cases. a lot of journalists that often get is said. and i guess their quest for greece as you. missed it actually of armies is invested in investigative journalist. he will go to do good jobs because. he said about two thousand we were getting with a bucket of bank accounts and. he's got it for all of us and the duty of the german obviously. is you do it to the public for these reason you go to. now we have been getting used to seeing these disturbing fi
excuse me i'm sorry interrupt but he doesn't let that be a great deficit that for staff and to seek a bailout was a fraud it's a major claim to make but if it is true would it have been done why would it we don't know we don't know exactly what the goal will be follow mr towser figures i. always horsemeat done he doesn't the feelers are very well we don't know about. this you trace interviews fail. all of the old journalist you know if you. have a hope that there would be nothing and he said it...
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would you want a full you are more years with trillion dollar deficits every year? >> both campaigns are playing the confidence game. both sounded upbeat about their candidate's chances and who can blame them when the polls are so close. behind the scenes, they must be very nervous. bbc news, washington. " there's good news for burma. the world bank has proposed development grants of $80 million and will provide another $160 million of credit once the country has cleared its existing debt. it's helping with the asian development bank and international monetary fund. this is after a year of political reform. we are joined by our bbc editor for the burmese service. >> the money is going to be used primarily to provide financial governance to the government and, also, to create conditions for growth and jobs. that's where the money is going to be spent. this is a tremendous boost to the burmese government, because in the last 20 decades there were western sanctions and it had not received any assistance financially from institutions such as the world bank and the asian
would you want a full you are more years with trillion dollar deficits every year? >> both campaigns are playing the confidence game. both sounded upbeat about their candidate's chances and who can blame them when the polls are so close. behind the scenes, they must be very nervous. bbc news, washington. " there's good news for burma. the world bank has proposed development grants of $80 million and will provide another $160 million of credit once the country has cleared its existing...
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backing for its request that it be given two more years to get is deficit under control pushing a deadline to try to sixteen that would cost the eurozone thirty billion euros meanwhile the german finance minister hinted in a t.v. interview that greece's exit from the euro is still a possibility another person at the center saying now has record high unemployment of trying to five percent trades household workers are on strike and taking in almost a week of protests in the capital against austerity cuts and also and publicist william endows says all the measures the e.u. leaders are imposing fail to address the root of the problem. i can't imagine if you if you planned a scenario you get everything wrong in the way that the e.u. governments have done in the last four years in this crisis for three and a half years but from the get go they have shied away from any resolute action on the banks involved in the in the dodgy lending in the first place during the financial bubble years so those banks remain the source of the problem there's no lending going on to the real economy and that's what
backing for its request that it be given two more years to get is deficit under control pushing a deadline to try to sixteen that would cost the eurozone thirty billion euros meanwhile the german finance minister hinted in a t.v. interview that greece's exit from the euro is still a possibility another person at the center saying now has record high unemployment of trying to five percent trades household workers are on strike and taking in almost a week of protests in the capital against...
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athens has received some i am of backing for its request it will be given two more years to get is deficit under control pushing the deadline to twenty six states that would cause the euro zone thirty billion euros meanwhile the german finance minister him today in a t.v. interview that greece's exit from the zero is still a possibility another crisis of the sprayed as a report from our employment of twenty five percent of traits transport workers are on strike continuing almost a week of protests in the capital against austerity accounts and also and publicized when i would else as the measures that the leaders are closing fail to address the root of the problem. i can't imagine if you if you understood mary or you get everything wrong in the way that the e.u. governments have done in the last four years in this crisis for three and a half years but from the get go they have heard shying away from any resolute action on the banks involved in the in the dodgy lending in the first place during the financial bubble years so those banks remain the source of the problem there is no lending goi
athens has received some i am of backing for its request it will be given two more years to get is deficit under control pushing the deadline to twenty six states that would cause the euro zone thirty billion euros meanwhile the german finance minister him today in a t.v. interview that greece's exit from the zero is still a possibility another crisis of the sprayed as a report from our employment of twenty five percent of traits transport workers are on strike continuing almost a week of...
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i think the deficit would go up a lot for a while. we would get growth. but i'm not sure it would be anything like we saw under reagan. there is so much debt out there. there is so many headwinds. there's europe, the a administration would do less on cutting taxes if at all and probably raise spending. that's really where the difference is between the two. one of them wants a smaller government. one of them sees the government doing more things. that's a big difference. >> you know more than i do. quick answer, do you think either of them will get the 12 million jobs in four years that they're promising? >> it would be a very good outcome. i think it's a long shot, frankly. >> your answer is smarter than mine. i said i'd wear a dress for a week if it happened. you're in less danger. thanks very much for being with us. >>> let's get back to ohio. let's get back to the auto bailout. president obama bailed out the auto industry. mitt romney says the bailed out auto companies are using that money to ship jobs to china. we'll get to the bottom of what really h
i think the deficit would go up a lot for a while. we would get growth. but i'm not sure it would be anything like we saw under reagan. there is so much debt out there. there is so many headwinds. there's europe, the a administration would do less on cutting taxes if at all and probably raise spending. that's really where the difference is between the two. one of them wants a smaller government. one of them sees the government doing more things. that's a big difference. >> you know more...
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bid to convince its european partners and investors that it is serious about reducing its imploding deficit so let me get this straight thousands of protesters taking to the streets are unhappy with the direction of their government they're facing occasional clashes with police. seems like an awful lot like the sort of discontent we saw with occupy wall street for some reason the corporate media didn't react the same way when protesters here in the u.s. were upset about high unemployment and government corruption. what started as less than a dozen college students camping out in a park near the new york stock exchange is now hundreds of protesters and it spread to other cities but one of the protesting nobody seems to know this shows you what a slow news day this is to have you get on like that we've got good reviews we don't need this if i were you i would be short version of your kid so what you have you people nervous stone there with their holy there more to. do there that you. would you know you know if you're going to try to need for their talents or even their you know they told me t
bid to convince its european partners and investors that it is serious about reducing its imploding deficit so let me get this straight thousands of protesters taking to the streets are unhappy with the direction of their government they're facing occasional clashes with police. seems like an awful lot like the sort of discontent we saw with occupy wall street for some reason the corporate media didn't react the same way when protesters here in the u.s. were upset about high unemployment and...
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backing for richard quest that it be given two more years to get its deficit under control by pushing the deadline to two thousand and sixteen although that would cost the eurozone about thirteen billion euros meanwhile the german finance minister hinted in a t.v. interview that greece's exit from the euro is still a possibility and another crisis epicenter that of spain now has a record high unemployment of twenty five percent hundreds transport workers are on strike continuing almost a week of protests in the capital against austerity cuts author and publicist william engdahl says all the measures the e.u. leaders are imposing of failing to address the true root of the problem. i can't imagine if you if you understood her you want to get everything wrong in the way that the the e.u. governments of the last four years of this crisis were three and a half years but from the get go they have shot away from any resolute action on the banks involved in in the in the dodgy lead in the first place during the financial bubble years so those banks remain the source of the problem there's no.
backing for richard quest that it be given two more years to get its deficit under control by pushing the deadline to two thousand and sixteen although that would cost the eurozone about thirteen billion euros meanwhile the german finance minister hinted in a t.v. interview that greece's exit from the euro is still a possibility and another crisis epicenter that of spain now has a record high unemployment of twenty five percent hundreds transport workers are on strike continuing almost a week...